Intra-day Recommendations on Major USD/JPY
24 Jan 2014 06:04 GMT
INTRA-DAY OUTLOOK ON USD/JPY - 103.32
Despite dlr’s brief but sharp retreat from 103.59 to 103.09, present rebound due to the recovery in Nikkei-225 index suggests choppy consolidation with mild upside bias would be seen n gain to 103.40/45 is likely to be seen.
However, 103.59 should hold.
Stand aside n look to sell for day trade as below yesterday’s 102.97 low yields re-test of 102.85.